The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-05-21
BUSINESS BAROMETER.
THE CONDITION o J. TRADE
Tho Interstate Commerce Law a Factor ia
the Future Status OF the Commercial
world-The Features of tho Week.
Real Estate In tho South. 4,

l . - u. i. - . ~ & 4
NEw YoRK, May COR. q. Dun & 90 !;
In their weekly trade review say Tho
most important newa Of the week, II con.
firmed is that the Interstate Commerce
Commission will revoke all temporary
suspensions OF the short haul clause, Ter.
minating them July lat. The revolution
In business must therefore progress until !.
It's full effects have been realized. Some
OF them arc seen in the contracts taken
by the Canadian Pacific to moye eastward
the wool OF California and 100000
pounds OF sugar and the marked revival (
OF shipments around the "Horn.n
Others appear in tho decline Of
trade at tho larger centres Of !
distribution and manufacture, and the in. Z,
crease OF distribution at smaller towns. 4
WITH upsprinsing. OF new manufacturing Z
%orxs at many Iocalitlea. For twenty. Y
hye years the railroads have been annihi.
lating barriers OF distance. The new law 8
TENDS 10 restore old barriers, and TO put {
sections, cities and towns further awayg
from each other. Closely connected are 4
the numerous labor troubles, most Of
which grow out Of narrowed fields for
dislriontlon oi products. Local receipts <
are sun generally encouraging, with no &
instance ol unusE4 delay In collections,
where Dus4asss is deemed dull,i is in B
every case pronounced larger than at the
Same season last year. A remarkable
feature is that money ia reported in Y
apundant supply everywhere except 4,
ohicago and New York, while the demand :;
is sald to be more limited at Detroit, but S
very good at Cleveland. Where highest
rates are reported, as at Omaha s to 10 {.
per cent, capitalists offer banks Z
large sums at g per cent, which z
are refused. Real estate specula-
ton IS maintained there, and at
other points by rapid investment OF local y
and eastern capital. At Nashville the rul-
ing excitement is the coming sale of lots y
IN the new town, West Nashville, where y
new iron works are TO be located. The
Increased demand for money at Chicago
springs from wheat speculation and pro- II
duce operators are busily seeking assur.
ances oil more aid from banka, while New
YORK exchange lalls to 40 per cent discount y
Wheat ross 2c last Saturday, but weak Z.
ened again, and after weak OF uncer.
tainty with salea Of 100000 bushels.
closes less cent above last week, Corn
and oats are weaker and oil over 1c lower.
FORK products are dull and sugar is un.
changed. In coffee there has been wild (
advance with sales OF 925, 900 bags, but the
rise OF 10 is wholly speculative, : q
STOCK speculation has been active with
some advance, but the American public Ia +
not absorbing. securitieH. The enormous
offerings OF The Paris loan and the low e
rate ior money at London account for the L
temporary use OF large amounts here. f7l5S
The weak point is decline of 03 per
cent in produce exports for the past three Z,
weeks agalnst an increaae OF per cent in s
imports. In dry goods there Is strong &
Improvement in cotton which CAUSES an
advance In prices Of many brown and <
bleached goods and drills with standard !;
browns at 7fc, but the exceeding dullness 4
IN Woolens continues unrelieved. Recent
heapy failures OF German houses in the
american trade disclose over production &
and Improbable competition on that side, :
y Inc business failures during the last 7;
seven days number for the United States Z:
l5S, for Canada IS, total lS0, against l675 {.
last week, and lS2 the week previous to &
last, and l67 Tor the corresponding week Y
Oh last year. Failures in the South were !
very light, aud other sections of the coun-i,
Try were below the average perhaps ex- &
cept IN the Pacific States and Canada,
"hefe the casualties are on the increase. 4